Year-to-date the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is up a reasonably disappointing 2%, due largely to declines in the shares of the major banks.
Four shares which have absolutely smashed the market this year are listed below. Here's why they have more than doubled in 2017:
The Big Un Ltd (ASX: BIG) share price has rallied 187% so far this year. The catalyst for this has been an impressive jump in cash receipts thanks to strong demand for its subscription-based video technology products and services. Big Un expects to report a 399% increase in cash receipts to $20.3 million in FY 2017. I think Big Un could be worth a closer look.
The Creso Pharma Ltd (ASX: CPH) share price has jumped 108% year-to-date. Loosening regulations has led to a big increase in investor interest in the medicinal cannabis industry. Creso Pharma aims to supply pharmaceutical-grade medicinal cannabis products for both the human and animal health markets. The company recently became the first to successfully import the first shipment of cannabis into Australia.
The Equator Resources Ltd (ASX: CO1) share price is up a staggering 140% year-to-date. Equator Resources, now known as Cobalt One, has been a big winner from the cobalt boom. As well as lithium, lithium-ion batteries require cobalt in them. Demand for these batteries to be used in electric vehicles and smart devices has sent cobalt prices sky-rocketing. Much to the delight of miners such as Cobalt One.
The SKY and Space Global Ltd (ASX: SAS) share price has surged a massive 156% in 2017. This exciting communications infrastructure company aims to deliver affordable mobile coverage to an estimated four billion people that are currently without it using a constellation of its nano-satellites. The dream is close to being a reality with the first launch due later this month. I think Sky and Space Global is certainly worth keeping on your watchlist.
